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RBI accords approval under the automatic route for foreign technological agreements in all industries for technical know-how, design & drawings and engineering services within the prescribed monetary limits for lump sum payments & royalty payments. |
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Indian Companies entering into technology transfer agreements with the foreign companies are permitted to remit payments towards know-how & royalty under the terms of the foreign collaborations agreements, subject to certain limits. |
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Indian Companies can hire services of foreign technicians & make remittances for technical services fees subject to certain conditions regardless of the duration of engagement of foreign nationals in any calendar year. |
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Dividends & profits earned in India by foreign companies are allowed to be repatriated after, however, the payment of taxes if any due on them. No RBI permission is necessary for such remittances except to the compliance of certain specified conditions. |
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